Currency Information on Tanzanian Shilling - TZS – Tanzanian shilling – x/y
The Tanzanian shilling does not have a symbolic representation, instead it is written in x/y format, where x = shilling and y = senti, where one or the other is not required, and equals ‘=’ sign is used instead.
The Tanzanian shilling was introduced in 1966, when it replaced the east African shilling at a 1:1 ratio.
Coins are available in denominations of 50, 100, 200 and 500 shilingi, and banknotes circulate in denominations of 500, 1000, 2000, 5000 and 10,000 shilingi.
Over a year ago we expanded our IT company and opened a new office in the UK. We have two offices in Europe now; we need to send money abroad very often, from Portugal to the UK and from the UK to Portugal. Knowing how to send money internationally in a safe way is therefore a crucial need for us on a weekly basis.
Comment written by Tiago Goncalves Director of an it Company.
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